Applied Materials, Inc. $AMAT Shares Acquired by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. significantly increased its stake in Applied Materials, acquiring an additional 24,443 shares, bringing its total ownership to 67,765 shares worth approximately $12.4 million.
• Applied Materials reported earnings of $2.48 per share for the last quarter, exceeding analysts' expectations, with a revenue of $7.30 billion and a year-over-year revenue growth of 7.7%.
• The company announced a quarterly dividend of $0.46, with a pay date set for December 11th, and an annualized yield of 0.8% for investors.

Shell Asset Management Co. grew its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 56.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,765 shares of the manufacturing equipment provider's stock after purchasing an additional 24,443 shares during the quarter. Shell Asset Management Co.'s holdings in Applied Materials were worth $12,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMAT. Shelton Wealth Management LLC grew its holdings in Applied Materials by 1.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider's stock worth $622,000 after acquiring an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC boosted its position in Applied Materials by 0.8% during the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock valued at $1,135,000 after purchasing an additional 51 shares during the last quarter. Narus Financial Partners LLC grew its stake in Applied Materials by 3.8% during the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock worth $262,000 after buying an additional 52 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Applied Materials by 2.7% in the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after buying an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC lifted its stake in shares of Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider's stock valued at $293,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Up 2.9%

Shares of Applied Materials stock opened at $223.91 on Tuesday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.49. The company has a market cap of $178.38 billion, a P/E ratio of 26.69, a PEG ratio of 2.85 and a beta of 1.82. The company's fifty day simple moving average is $180.17 and its two-hundred day simple moving average is $170.02. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials's payout ratio is currently 21.93%.

Analysts Set New Price Targets

AMAT has been the subject of several recent analyst reports. Evercore ISI reiterated an "outperform" rating and set a $209.00 price objective on shares of Applied Materials in a research report on Friday, August 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Applied Materials in a report on Saturday, September 27th. Bank of America reaffirmed a "neutral" rating and issued a $180.00 price objective (down from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. The Goldman Sachs Group assumed coverage on Applied Materials in a research note on Thursday, July 10th. They issued a "buy" rating and a $225.00 target price on the stock. Finally, Wolfe Research cut their price target on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and a consensus target price of $195.12.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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